VanEck cross-lists two ETFs on Xetra

Nov 13th, 2017 | By | Category: Alternatives / Multi-Asset

VanEck has cross-listed two ETFs on Xetra – the VanEck Vectors Preferred US Equity UCITS ETF (PRF1 GR) and the VanEck Vectors Natural Resources UCITS ETF (HAP1 GR) – providing exposure to US preferred shares and global natural resources equities respectively.

VanEck cross-lists ETFs on Deutsche Börse’s Xetra

The new ETFs are listed on Xetra in euros, and have dollar and pounds sterling listings on the London Stock Exchange.

PRF1 tracks the Wells Fargo Hybrid and Preferred Securities Aggregate Index, which comprises non-convertible US dollar-denominated preferred securities listed on US exchanges. As of October 2017, the index is composed of 131 exchange-listed US securities from firms primarily in the financials, utilities and telecommunications sectors. The securities must have an investment grade rating at the time of issue.

The ETF was launched on the London Stock Exchange (LSE) last month, where it trades in dollars and pounds sterling under the ticker symbols PRF and PRGB respectively. The listing on Xetra trades in euros.  PRF is physically replicated and has a total expense ratio (TER) of 0.41%.

HAP1 tracks the VanEck Natural Resources Index, which comprises companies involved in the production and distribution of commodities and commodity-related products and services in the following sectors: agriculture, alternatives (water & alternative energy), base and industrial metals, energy, forest products, and precious metals.

Like PRF1, HAP1 was launched on the LSE last month where it is listed in dollars and pounds sterling under the ticker symbols HAP and HAGB respectively. HAP1 will also trade on Xetra in euros. The fund is physically replicated and has a TER of 0.50%.

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